Tag: web development

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MicroStrategy Increases Authorized Class A Shares 30-Fold for Bitcoin Purchases

MicroStrategy shareholders vote to expand potential share count to 10.3 billion from 330 million to facilitate Bitcoin purchases, turning the software company into a leveraged Bitcoin proxy with over $47 billion in Bitcoin holdings.

Zuckerberg's Metamorphosis: Cozying Up to Trump Amidst AI Boom and TikTok Threat

Mark Zuckerberg, CEO of Meta, has recently embraced President Trump, leading to concerns and unhappiness among employees. Meta's stock has rebounded in profitability, up 66% in the past year, but Zuckerberg's policy changes may have reputational consequences.

Apple Downgraded as iPhone Demand Dampens Growth

Apple received a pair of analyst downgrades due to concerns over declining iPhone sales and AI failing to meet growth expectations.

Community Financial System Q4 Earnings Top Estimates

Community Financial System, Inc. (CBU) reports fourth-quarter earnings of $49.8 million, surpassing Wall Street expectations.

New World Development Faces Credit Crunch, Pledges Assets for Loans

Real estate developer New World Development Co. is pledging some of its most prized assets for loans and brokers are pulling back from financing the company.

Trump's Trade Talk Roils Markets As He Targets Mexico, Canada

Early signs of trade policy under President Trump sparked financial market uncertainty as he announced planned tariffs on Mexico and Canada, raising concerns of escalating global trade tensions.

Trump Tariffs: Market Relief Short-Lived as Mexico, Canada Face Levies

Financial markets faced initial uncertainty after President Trump announced plans to impose tariffs on Mexico and Canada, raising concerns about global trade tensions. However, the absence of immediate sweeping tariffs on all trading partners provided some relief. Despite a surge in the dollar and swings in US stock futures, Chinese stocks remained strong, and European stocks remained steady. The market anticipates further volatility as investors weigh the potential impact of Trump's trade policies and await the release of corporate earnings and economic data throughout the week.

Burberry Bets on America to Boost Festive Sales Amid Turnaround Hopes

Burberry aims to revive its brand by focusing on iconic products and targeting the US market. Analysts predict a 12% decline in sales for the festive season, but investors remain optimistic about CEO Schulman's turnaround plan.

Treasuries Rally on Trump Trade, Energy Moves, Fed Cut Bets Rise

Treasuries rallied as President Trump refrained from imposing China-specific tariffs and revoked offshore oil drilling bans, reducing inflation concerns and increasing anticipation of Federal Reserve interest rate cuts.

Dollar Bounces Back on Trump Tariff Jitters

Dollar Rebounds Amidst Tariff and Interest Rate Uncertainties